Swedish watchdog to investigate Klarna for bank secrecy breach

FILE PHOTO: A smartphone displays a Klarna logo on top of banknotes is in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

STOCKHOLM (Reuters) - Sweden's financial watchdog said on Monday it was investigating payments firm Klarna over a potential breach of banking secrecy laws in connection with an IT incident at the firm in May.

For a 30 minute period on May 27, Klarna customers were shown other users' data - a digital mishap which the firm, in a statement on June 4, blamed on human error.